Herland Report: Suddenly, CNN and the mainstream media admits the massive economic gains since president Trump took office, stating all the gains from 2016 onward are now lost, as first pointed out by Bespoke Investment Group.
The years under Trump, CNN has complained, vilified, demonized, ridiculed the president. There was no end to how horrible Trump was, the European mainstream media following like slaves the American narrative.
Speaker of the House, Nancy Pelosi, notorious for explaining publicly how Democrats lie and cheat (watch here), even managed to angrily hate Trump’s Address to the Nation, which documented the economic success with record low unemployment.
Now, all of the sudden as the market crashes and we are returning to 1929 or worse, the mainstream media is flooding with the news of the magnificent gains under Trump now lost.
The Trump stock rally, which at its peak last month was robust and seemingly unending…writes Trump’s arch enemy CNN, with heading “Stocks Erase Trump Gains.” So, he gained, we are now even told by the network who have talked about nothing but how horrible Trump is since 2016.
CNN can now tell us that: The Dow (INDU) fell below 19,732 points Wednesday afternoon, briefly dropping past the index’s closing level on January 19, 2017, the day before President Donald Trump took office.
Suddenly CNN admits Trump had massive economic gain: The total market cap of the US equities market, as measured by the Russell 3000 index, has declined by $11.5 trillion from its February 19 peak to $23.8 trillion as of Thursday morning.
The past week is said to hav erased President Trump’s gains since his 2016 election win, US equities market lost 11.5 trillion. The Federal Reserve now injecting 1.5 trillion USD into the financial system.
The current market cap is roughly equal to the size of the stock market when Donald Trump emerged victorious in the 2016 election, writes Business Insider.
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Suddenly CNN admits Trump had massive economic gain: Trump stock market gains are also documented well by Forbes: Every President is inaugurated on January 20 at noon. On January 19, 2017, the Dow 30 Industrials closed at 19,732. Since then the Dow has done the following.
- At its peak of 29,551 on February 12 this year
- It had increased 9,819 points or 50%
- It is now around 21,500 for a gain of about 1,750 points or 9%
- Has fallen over 8,000 points or 27% from the high less than five weeks ago
The Russell 3000 index aims to track the greater US stock market by measuring the 3,000 largest public companies based in the US. The benchmark represents roughly 98% of the US equity market, writes Forbes.
Suddenly CNN admits Trump had massive economic gain: The stock market initially soared after Trump’s 2016 win. Investors bet on the unorthodox president to slash regulations, boost the US manufacturing industry, and push economically beneficial foreign policy.
The administration’s 2017 tax cuts further fueled the bull market’s run-up by cutting corporate taxes and opening the door to massive stock buyback programs.
Suddenly CNN admits Trump had massive economic gain: The stock market initially soared after Trump’s 2016 win. Investors bet on the unorthodox president to slash regulations, boost the US manufacturing industry, and push economically beneficial foreign policy.
The administration’s 2017 tax cuts further fueled the bull market’s run-up by cutting corporate taxes and opening the door to massive stock buyback programs.
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Led by Scandinavian bestselling author, Hanne Nabintu Herland, The Herland Report news and opinion website provides independent analysis from leading Western intellectuals and ground breaking YouTube interviews, cutting through the mainstream media rhetoric. It is a great place to watch interviews and read the articles of leading intellectuals, thought leaders, authors and activists from across the political spectrum. The Herland Report believes in freedom of speech and its editorial policy resides above the traditional Left vs Right paradigm which we believe has lost its relevance and ability to describe the current driving forces in Western politics.
